Logo of Phnom Penh Post newspaper Phnom Penh Post - CEO held for fraud in Siem Reap

CEO held for fraud in Siem Reap

Content image - Phnom Penh Post
Over 200 Siem Reap residents have asked Prime Minister Hun Sen to release Enarita CEO Dim Suon Nat. Photo supplied

CEO held for fraud in Siem Reap

Over 200 individuals gathered in front of the Siem Reap Provincial Court last week to ask that Dim Suonnath, the CEO of a real estate company being held for fraud, take responsibility for compensating some 2,000 residents who invested with him. The request was denied.

Suonnath responded with a letter requesting to be released on bail and promising to pay compensation acording to people’s original investments, if he is indeed released.

Suonnath, the CEO of Enarita Development Co Ltd, has been held in detention for the last eight months, pending a hearing after the police arrested him for fraud and issuing fake cheques.

Siem Reap Provincial Court spokesman Yin Srang told The Post on Sunday that the investors’ request could not be granted.

The court would not release Suonnath either because the case is still pending. The court concluded an investigation already, and it will hold a hearing soon. The residents were asked to wait for the court’s decision.

“The court is continuing to investigate the case because this matter consists of many cases. It is their right to gather but it is unrelated to court procedures,” Srang said.

“The prosecutor has clarified the case to the protesters and explained that the court will implement procedures according to each case,” he said.

Srang added that while the case is now under the court’s jurisdiction, it is also being handled by the Ministry of Interior, because plaintiffs brought the case to the ministry.

The court is investigating Suonnath’s actual properties first.

“When the court concludes the investigation, it will open a hearing. If the case is not concluded, it means that the court is continuing to investigate it,” Srang said.

While he was unsure how much money was involved in the case, he said the provincial court president and the prosecutor had gathered the evidence and reported it to the senior leadership.

Suonnath is from Thmai commune, Sen Sok district, in Phnom Penh. His company comprises of seven subsidiaries across the Kingdom.

The company invested in several sectors such as land, coffee, pure drinking water and education.

Its main branches are in Phnom Penh and Siem Reap while various provinces have smaller branches with marketing managers at the helm.

The Siem Reap Provincial Court decided to detain Suonnath and charge him with two counts of fraud and issuing fake cheques in July of last year after residents sued him for hundreds of millions of dollars.

The company’s owner could not be reached on Sunday, while the court declined to provide contact details.

Ung Sopanha, one of 200 victims, told The Post on Sunday that the protesters aimed to seek intervention from Prime Minister Hun Sen in the hope that he would help those who invested in the company.

“Hundreds of families who invested with the firm are having extreme difficulties. They have no money to pay the banks, or for private matters. Some of them don’t dare to go to their hometowns because they don’t dare face their creditors.

“All residents are waiting impatiently for a solution from Suonnath, as promised in the letter,” he said.

One of Suonnath’s 10 lawyers who asked not to be named said continuing to detain his client for a long time and without closing the investigation would affect the rights of the accused as stated in the law.

“Detaining him for a very long time affects the civil rights of my client. As a defence lawyer, I want the court to speed up the process in deciding whether the victim is guilty or not,” he said.

MOST VIEWED

  • NY sisters inspired by Khmer heritage

    Growing up in Brooklyn, New York, Cambodian-American sisters Edo and Eyen Chorm have always felt a deep affinity for their Cambodian heritage and roots. When the pair launched their own EdoEyen namesake jewellery brand in June, 2020, they leaned heavily into designs inspired by ancient Khmer

  • Omicron patients can stay home: PM

    Prime Minister Hun Sen has given the green light for anyone who contracts the SARS-CoV-2 Omicron mutation or any other variant to convalesce or receive treatment at home or in any other reasonable non-healthcare setting. The new decision supersedes a restriction on home care for

  • Cambodia records first Omicron community case

    The Ministry of Health on January 9 reported 30 new Covid-19 cases, 29 of which were imported and all were confirmed to be the Omicron variant. The ministry also reported 11 recoveries and no new deaths. Earlier on January 9, the ministry also announced that it had detected the Kingdom's

  • The effects of the USD interest rate hike on Cambodian economy

    Experts weigh in on the effect of a potential interest rate expansion by the US Federal Reserve on a highly dollarised Cambodia Anticipation of the US Federal Reserve’s interest rate hike in March is putting developing economies on edge, a recent blog post by

  • Cambodia’s first ever anime festival kicks off Jan 22 at capital’s F3 centre

    Phnom Penh's first ever Anime Festival will bring together fans, artists, shops and other local businesses with ties to the Japanese animation style for cosplay competitions, online games, pop-up shops and more on January 22, with Friends Futures Factory (F3) hosting. F3 is a project that

  • PM eyes Myanmar peace troika

    Prime Minister Hun Sen has suggested that ASEAN member states establish a tripartite committee or diplomatic troika consisting of representatives from Cambodia, Brunei and Indonesia that would be tasked with mediating a ceasefire in Myanmar. The premier also requested that Nippon Foundation chairman Yohei Sasakawa